Policy Agenda

The Native CDFI Network maintains three main policy priorities to promote access to fair lending products that meet the unique needs of Native communities. With the support from our members and partners, we work to inform policy that is favorable to positive change in Native American, Alaska Native, and Native Hawaiian communities.

Native communities are faced with some of the nation’s most distressed economies and poorest living conditions. The Native American Lending Study, published in 2001 by the US Department of Treasury revealed a lack of investment by mainstream financial institutions in these communities, resulting in lack of access to capital for Native Americans, Native Hawaiians, and Alaska Natives.

Recommendations:

Amend the Native CDFI Fund’s authorizing statute to make the Native Initiatives permanent.

Continue to provide training and technical assistance to emerging and mature Native CDFIs.

Increase access to federal capital sources by allowing Native CDFIs to be designated as preferred lenders for loan guarantees offered by all federal agencies, including USDA and SBA.

Implement the CDFI Bond Guarantee Program so that it is accessible to Native CDFIs.

Provide innovative financial products and services that adapt to the unique needs of Native economies and support self-sufficiency

Without exposure and access to the mainstream financial industry for generations, many Native people do not understand the importance of financial management or how to begin building assets. The technical lingo and stringent terms of mainstream financial institutions discourage Native people from doing business with them. Developing fundamental financial management skills is essential to building healthy Native economies.

Policy & Advocacy

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As a non-profit organization, the Native CDFI Network appreciates tax-deductible donations to help us advance policy favorable to Native communities and strengthen our member organizations who are dedicated to enriching the lives of Native peoples throughout the country.